Enter the following transactions in the Journal of Marutinandan Stores: Purchased goods from Ghanshaym of the list price of ₹ 80,000 at 20% trade discount.
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Pass Journal entries in the books of Rama Kant Enterprises from the following: Commenced business with cash ₹ 3,00,000
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Enter the following transactions in the Journal of John Brothers: Sold goods to Dev ₹ 2,50,000
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Enter the following transactions in the Journal of Junaid & Co. Purchased goods from Muskan for Cash ₹ 30,000
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Enter the following transactions in the Journal of M/s Sushil & Sons. Sold goods for cash ₹ 50,000
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Enter the following transactions in the Journal of Ved Prakash & Co. Ved Prakash started business with cash ₹ 5,00,000
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Journalise the following transactions in the books of Gaurav: Sold goods to Saurabh of the list price of ₹ 1,00,000 Less trade discount of 10% 2ith CGST and SGST @ 6% each, allowed cash discount 5%.
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Pass entries in the books of all parties in the following cases assuming CGST @ 6% and SGST @ 6%: Mahesh Chandra of Bihar purchased goods for ₹ 1,00,000 from Sunil Soren
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Pass entries in the books of Krishnan of Bengaluru (Karnataka) in the following cases: Purchased goods from Karunakaran of Chennai for ₹ 1,00,000. (IGST @ 18%)
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Pass entries in the books of Sh. Jagdish Mishra of Lucknow (U.P) assuming CGST @ 6% and SGST @ 6%:
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